Rent Escalator
Provision in a lease agreement allowing the landlord to raise the rental to take into account inflation, higher upkeep costs, and higher interest rates. An index may be used such as the Consumer Price Index. The occupancy ratio may be another factor in setting rentals.
Popular Real Estate Terms
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Unrealized gain in value of real property from holding it. The increase value is not recognized in the accounts. When the property is sold there will be a realized gain or loss. ...
Place where real estate is situated. The geographic location of property affects its value. For example, real estate in a good neighborhood is worth more. ...
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Landlord's right to receive the value of the tenant's property to pay for unpaid rents or for damages to the leased premises. ...
Rent that a comparable property would mandate in a given real estate rental market. Market rent is a competitive rate based on rents other comparable properties receive. For example, in a ...
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